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May 10, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Monticello, Business Loans > 1st National Bank - Elk River Monticello Business Loans > Lawn And Garden Services Loan | ||||
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I Need Commercial Loans in Zimmerman, Minnesota
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Financing for Landscaping ServicesLooking for loans for landscaping services? An SBA loan may be just what you've been looking for. This $90,000 landscaping services loan was issued by a Minnesota bank. This small firm knew how to go about getting a business bank loan. Based in Zimmerman, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was 1st National Bank - Elk River, based in Monticello, Minnesota. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender 1ST NATIONAL BANK - ELK RIVER This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 4/13/2000 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $72,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Find an SBA Lender in Monticello, Minnesota
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